Is GOLD a good ETF?
GOLD is the Global X Physical Gold from Global X. It tracks the LBMA Gold Price. We classify it under Commodities. Listed on the ASX since 2003-03-26 (over 23 years ago).
The management fee of 0.4% is reasonable. That's cheaper than the typical 0.49% for similar ETFs. If cost is your priority, PMGOLD (0.15%) cover similar ground for less.
Portfolio turnover is very low at about 0% a year — the portfolio barely changes from year to year, much like a classic buy-and-hold index fund. Very little of its return is lost to trading or to capital gains being realised early, making it highly tax-efficient.
Strengths
- Low-cost: a 0.4% management fee keeps more of the return in your pocket.
Things to watch
- Cheaper alternatives exist: PMGOLD.
What GOLD's categories mean for you
How each category this ETF belongs to tends to behave across market cycles.
Exposure to physical commodities (gold, silver, oil) or the companies that produce them. A portfolio diversifier and a classic inflation hedge.
- Market regime
- Gold in particular tends to shine during crises, high inflation and falling real interest rates. Commodities generate no yield or earnings and can trend sideways for years.
- In a portfolio
- A tactical or satellite allocation for diversification and inflation protection — not a long-term compounding engine.
General information only, generated from the fund's published data — not personal financial advice. Past performance is not a reliable indicator of future returns. Consider your own circumstances or seek licensed advice before investing.